Perimeter Solutions director options vest on 37,944 shares
HENNESSY SEAN P reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
HENNESSY SEAN P reported acquisition or exercise transactions in this Form 4 filing.
Perimeter Solutions, Inc. director Sean P. Hennessy reported the vesting of performance-based stock options covering 37,944 shares of common stock on February 26, 2026. These options, each described as a "Stock Option (right to buy)" with a reported price of $0.00 per share, stem from grants originally awarded between December 2021 and February 2025.
The filing explains that company performance criteria for fiscal year 2025 were met or partially met for six separate option grants, causing annual tranches of 6,194 shares, 7,000 shares in four separate grants, and 1,750 shares to become exercisable in five- or multi-year schedules tied to those awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 6,194 | $0.00 | $0.00 |
| Grant/Award | Stock Option (right to buy) | 7,000 | $0.00 | $0.00 |
| Grant/Award | Stock Option (right to buy) | 7,000 | $0.00 | $0.00 |
| Grant/Award | Stock Option (right to buy) | 7,000 | $0.00 | $0.00 |
| Grant/Award | Stock Option (right to buy) | 7,000 | $0.00 | $0.00 |
| Grant/Award | Stock Option (right to buy) | 1,750 | $0.00 | $0.00 |
Footnotes (6)
- F1. On February 12, 2025, the reporting person was granted an option to purchase 35,000 shares of common stock. The option vests in five equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2025, 2026, 2027, 2028 and 2029. The performance criteria for 2025 were partially met, resulting in the vesting of the option as to 6,194 shares of common stock.
- F2. On February 14, 2024, the reporting person was granted an option to purchase 35,000 shares of common stock. The option vests in five equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2024, 2025, 2026, 2027 and 2028. The performance criteria for 2025 were met, resulting in the vesting of the option as to 7,000 shares of common stock.
- F3. On September 6, 2023, the reporting person was granted an option to purchase 35,000 shares of common stock. The option vests in five equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2023, 2024, 2025, 2026 and 2027. The performance criteria for 2025 were met, resulting in the vesting of the option as to 7,000 shares of common stock.
- F4. On February 15, 2023, the reporting person was granted an option to purchase 35,000 shares of common stock. The option vests in five equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2023, 2024, 2025, 2026 and 2027. The performance criteria for 2025 were met, resulting in the vesting of the option as to 7,000 shares of common stock.
- F5. On January 28, 2022, the reporting person was granted an option to purchase 35,000 shares of common stock. The option vests in five equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2022, 2023, 2024, 2025 and 2026. The performance criteria for 2025 were met, resulting in the vesting of the option as to 7,000 shares of common stock.
- F6. On December 7, 2021, the reporting person was granted an option to purchase 8,750 shares of common stock. The option vests in five equal annual installments based on the Issuer's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2022, 2023, 2024, 2025 and 2026. The performance criteria for 2025 were met, resulting in the vesting of the option as to 1,750 shares of common stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Perimeter Solutions (PRM) report for Sean P. Hennessy?
Were Sean P. Hennessy’s Perimeter Solutions options new grants or vesting of prior awards?
What performance conditions triggered the Perimeter Solutions (PRM) option vesting in 2025?
What exercise price is shown for Sean P. Hennessy’s Perimeter Solutions option vesting?
What is Sean P. Hennessy’s role at Perimeter Solutions (PRM) in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.